Asia Broadband Inc (AABB)

[alidare]

“AABB is continuing its due diligence on several high potential property acquisitions in Mexico at Los Reyes and Acaponeta-Bonanza. The Los Reyes project is currently awaiting the second phase assays results from exploratory drilling samples and Bonanza is currently conducting the second phase of exploratory drilling and expects to have the assay results in the coming weeks. The Company is committed to ensuring the optimal allocation of development capital in deciding to acquire either property, which requires an extensive due diligence and evaluation period. However, this preliminary work will accelerate the operations advancement toward production subsequent to acquisition. The Company expects to have the necessary assessment information on both properties *****by September and will make the acquisition decisions at that time. “*****

https://www.globenewswire.com/news-release/2021/07/21/2266477/0/en/Asia-Broadband-Mining-Properties-and-Facilities-Update.html